Bitcoin experienced a sharp drop to $80,659.81 early Friday but rebounded following remarks by New York Fed President John Williams. Speaking at a Chilean central bank conference, Williams suggested a potential rate cut in December, which shifted market sentiment positively. This development helped Bitcoin recover to around $84,791.82, though it remains down 2.27% over the past 24 hours. Williams' comments, highlighting 'room for a further adjustment' in interest rates, provided a boost to both stock and crypto markets. The New York Fed's permanent FOMC seat amplifies the impact of his statements. Market data indicates significant liquidations, totaling $885.67 million, with long positions accounting for $773.37 million of the losses.